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Jan 4, 2012
01/12
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made energy. sylvia hall tonight reports on the outlook for this year's domestic energy. >> reporter: the u.s. imports nine million barrels of crude oil per day. industry experts say we don't have to. in fact, right now the untapped energy supplies in the united states far exceed demand. >> all the oil that has been consumed over the past 100 years doesn't come anywhere close to what oil is produceable in this country. >> reporter: but still, citizens for affordable energy c.e.o. john hofmeister expects conditions abroad to import volatile energy prices this year as america continues its dependence on foreign oil. just before the new year, iran bumped up prices when it threatened to close the strait of hormuz-- a major mid-east artery for oil tankers. >> i'm expecting a higher price outlook for 2012, unless and until we get an energy policy in this country that really seriously focuses on domestic fuel-- domestic electricity for our use. >> reporter: he says a clear, long-term plan for using ameri
made energy. sylvia hall tonight reports on the outlook for this year's domestic energy. >> reporter: the u.s. imports nine million barrels of crude oil per day. industry experts say we don't have to. in fact, right now the untapped energy supplies in the united states far exceed demand. >> all the oil that has been consumed over the past 100 years doesn't come anywhere close to what oil is produceable in this country. >> reporter: but still, citizens for affordable energy...
123
123
Mar 30, 2011
03/11
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services for austin energy. the utility provides power directly to homes and businesses. rabago says peak hours are the biggest potential problem. >> well, what if half a dozen people add electric vehicles and follow that same stereotypical charging pattern-- say between 6:00 p.m. and 10:00 p.m. when they come home from work-- then that neighborhood feeder might need a bigger transformer than a similar feeder two streets away that doesn't have those vehicles. >> reporter: the electric reliability council of texas, or ercot, manages the flow of power across most of texas. this is its command center just north of austin. >> what we're looking at is 37,250 megawatts of load on the ercot system. our peak is 65,000 megawatts. paul wattles is ercot's supervisor of demand response. he thinks the texas grid has enough capacity to handle additional loads from electric vehicles well into the future. still, he wants utilities to provide incentives to e.v. owners to charge smart. >> in other words, cheaper power off-peak wo
services for austin energy. the utility provides power directly to homes and businesses. rabago says peak hours are the biggest potential problem. >> well, what if half a dozen people add electric vehicles and follow that same stereotypical charging pattern-- say between 6:00 p.m. and 10:00 p.m. when they come home from work-- then that neighborhood feeder might need a bigger transformer than a similar feeder two streets away that doesn't have those vehicles. >> reporter: the...
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93
Jul 11, 2010
07/10
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hugh from the department of energy has become our strongest ally. and dr. hugh's story is that in fact becomes a solid in the awkward for. -- opt or foaquifer. but it is still in a bicarbonate form. i grew up in the natural gas area and for the first of years of my career we have been restoring it all over the world. i have never been burdened with the notion of what we're going to do. i think we will capture it of to 90% and store it all underground. i think that this activity is essential for coal. because coal is going to be burned for a while, no question about that. >> do you see other countries being able to afford this kind of technology? >> most likely not. >> what is the penalty and the cost in loss of production? >> we started off with a fear that it would be 25%. it looked more like 25 to 30%. it is down to about 815% impact. i think that is very manageable -- it is down manageable -- a 15% -- it is down to a about a 15% impact. i think that is very manageable. >> what are the legal issues? >> in operation, there is no question about it. and we a
hugh from the department of energy has become our strongest ally. and dr. hugh's story is that in fact becomes a solid in the awkward for. -- opt or foaquifer. but it is still in a bicarbonate form. i grew up in the natural gas area and for the first of years of my career we have been restoring it all over the world. i have never been burdened with the notion of what we're going to do. i think we will capture it of to 90% and store it all underground. i think that this activity is essential for...
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99
Nov 14, 2010
11/10
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we talked about energy. it happens to be that liberals tend to like solar power, wind banner, a geothermal power, wave power and not to like a nuclear power, hydrocarbons, etc. it is a silly division but it is there. >> as long as the price of oil is below the price of hooking up major solar, major wind, all that, you are going to see the republicans saying that this is industrial policy. you are picking winners and losers. you are not letting the market move. that is an anthema to the republic. >> margaret, how you see the face of science in congress? if you attack the department of energy, you are attacking the largest science department of the world, aren't you? >> you are absolutely right that we have every politician saying we need more science and math. >> we are losing our place in the world. i make out -- i think we may do as well with latin and greek. >> it will have another fact is that budget is cut or actually right now, particularly in energy that is a good example because stephen chu came in, t
we talked about energy. it happens to be that liberals tend to like solar power, wind banner, a geothermal power, wave power and not to like a nuclear power, hydrocarbons, etc. it is a silly division but it is there. >> as long as the price of oil is below the price of hooking up major solar, major wind, all that, you are going to see the republicans saying that this is industrial policy. you are picking winners and losers. you are not letting the market move. that is an anthema to the...
689
689
Jul 26, 2009
07/09
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germany s more alternative energy. of course,hey are on their second version of cap and trade, which is the idea at cold -- coal otheemissions will bapped and there is the ability to buy credits. what happened in europe the first time? he first ti that europe had the cap and trade, itwas called the emissions trading scheme. it w meant to be trial period. is pbably a good thi that it was. they found thathey over allocated the allowances. at one pnt, aftert was scovered, the companies had far more allowances that they needed the system collapsed a they learned a lrom that situion. one of the reasonshat happened is because they did no have good data going in. that is th differencewith our system. we know what ourlants are in bidding, so we ll be much more refined. >> w were the winners in europe? was a francehe winner? was germany e winner? >> i thinkt is early to tell who the winnersill ultimately be because that first time was just ineffect at test. ultimately, the winners will be the citizens if theybring dow carbon em
germany s more alternative energy. of course,hey are on their second version of cap and trade, which is the idea at cold -- coal otheemissions will bapped and there is the ability to buy credits. what happened in europe the first time? he first ti that europe had the cap and trade, itwas called the emissions trading scheme. it w meant to be trial period. is pbably a good thi that it was. they found thathey over allocated the allowances. at one pnt, aftert was scovered, the companies had far...
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Oct 27, 2009
10/09
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Nov 6, 2011
11/11
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we have something in the energy field recall the water-energy nexus. i think we are now realizing that we have to add food. we will be looking into the future of the water-energy-food nexus. >> water is for cooling power plants, hydroelectric, fracking. is it that set of water uses as opposed to the need for drinking water, etc.? >> yes, there are a number of new resources with biofuels and unconventional gas. they have a higher water footprint than conventional energy sources like the refining of crude oil. the water needs are going up at a time when water stresses are up because of the demand for water for human and agricultural use. >> what do we do about energy in the most deprived areas such as the middle east? -- the first thing is to crea provide access to energy to the poorest parts of the world. we need to take care of and have proper usage of the water. in most of those areas, it is in short supply. we need to take a systemic view of the whole water juice system -- cold water system and not just focus on energy. " we're talking about fresh wa
we have something in the energy field recall the water-energy nexus. i think we are now realizing that we have to add food. we will be looking into the future of the water-energy-food nexus. >> water is for cooling power plants, hydroelectric, fracking. is it that set of water uses as opposed to the need for drinking water, etc.? >> yes, there are a number of new resources with biofuels and unconventional gas. they have a higher water footprint than conventional energy sources like...
483
483
Mar 26, 2010
03/10
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while energy use in the united states has skyrocketed for 30 straight years, denmark's energy use has not grown at all. in 20 years, its economy has grown 78% while cutting its carbon emissions in half. >> many people have said that is impossible, that cannot be done. but we have done it. >> reporter: taxing energy, subsidizing alternative technologies has not only reduced denmark's dependency on oil. it's created thousands of new jobs. and left john ebbinghouse feeling a bit more danish every year. >> i feel privileged to know how i can make less of an energy footprint than your average person. and i'm the one who gets to reap the benefits of that. >> reporter: for "worldfocus," john larson in copenhagen. >>> as we continue our look at the new denmark, let's look more specifically now at where that country is cutting harmful emissions. decades ago, denmark became a pioneer, a pioneer in wind power which now accounts for fully 20% of its energy production. denmark is in fact a world leader in wind power which, as you'll see in john larson's next report, has gone far beyond a governmen
while energy use in the united states has skyrocketed for 30 straight years, denmark's energy use has not grown at all. in 20 years, its economy has grown 78% while cutting its carbon emissions in half. >> many people have said that is impossible, that cannot be done. but we have done it. >> reporter: taxing energy, subsidizing alternative technologies has not only reduced denmark's dependency on oil. it's created thousands of new jobs. and left john ebbinghouse feeling a bit more...
67
67
Dec 1, 2011
12/11
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energy security. we don't ha an energy policy. have not had one. >> true. >> charlie: so what kind of policy ought we have and how does it, what would be necessary to achieve that policy. >> i think one of the most significant missing links in our nation security strategy portfolio which has been flattened and broadened under president obama to include things that were never there before. fiber security, certain economic aspects, trade, global development. i mean these are things that we brought in as we cread the national security apparatus to deal with e world as it is. not as we wish it was but as it is. but the missing link is energy. energy for the united states to not have a national energy strategy as much as we have a national security strategy, we published for the world to read and national intelligence estimates, there was no single document that says this is the energy strategy of the united states. >> charlie: even though various presidents have said we must eliminate r addiction to fossil fuel. >> i sat in gas lines
energy security. we don't ha an energy policy. have not had one. >> true. >> charlie: so what kind of policy ought we have and how does it, what would be necessary to achieve that policy. >> i think one of the most significant missing links in our nation security strategy portfolio which has been flattened and broadened under president obama to include things that were never there before. fiber security, certain economic aspects, trade, global development. i mean these are...
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177
Nov 3, 2010
11/10
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allegheny energy rallied 2%. each have dividend yield's above 2.5% energy stocks also did well. if the fed announces a new plan to buy government bonds, it may weaken the dollar, helping boost oil prices. crude prices jumped another 95 cents today, putting oil at the top of its most recent range. several opec oil ministers have been out this week talking about where they think oil should be, from $70 up to $100 a barrel. the winners were independent energy producers. range resources and pioneer natural resources each rallied more than 2%. both have seen higher than expected production. at the bottom of the sector today-- driller rowan, and integrated oil company marathon. rowan's earnings beat the street, but the stock still sold off. marathon's oil production outlook was disappointing. speaking of earnings, b.p.'s latest quarter was hit by costs from its gulf of mexico oil disaster. still, its c.e.o. said the company is "well on track for recovery." shares were up 1.5%. the stock was over $60 when the gulf oil disaster began. oracle has one of the biggest cash positions among t
allegheny energy rallied 2%. each have dividend yield's above 2.5% energy stocks also did well. if the fed announces a new plan to buy government bonds, it may weaken the dollar, helping boost oil prices. crude prices jumped another 95 cents today, putting oil at the top of its most recent range. several opec oil ministers have been out this week talking about where they think oil should be, from $70 up to $100 a barrel. the winners were independent energy producers. range resources and pioneer...
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253
Aug 25, 2012
08/12
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that means we produce all the energy we use in north america. >> he says his energy plan will create 3 million jobs and open up more areas for drilling in virginia and north carolina. he is a numbers guy, evan. >> but he also, as usual, is being phony. he says it will bring down gas prices, energy prices. we are in a global market. no matter how much we drill, it is not going to have a big impact on energy prices. it would be better if energy prices went up. we need to develop alternative sources -- >> which he is not very interested in. >> they i do in the old "drill, baby, drill" issue -- >> but that is not true of natural gas. it is a local price, because ids hard to shift. the price of natural gas its $3. in china, $20. we have reduced the price to the point where it is almost too cheap for producers to produce. yes, oil, you will not bring down the price, but you will natural-gas -- >> you just said it is already low. >> but you can substitute: oil if you make the infrastructure. you can run trucks on natural gas and create infrastructure. we have stumbled upon the greatest disc
that means we produce all the energy we use in north america. >> he says his energy plan will create 3 million jobs and open up more areas for drilling in virginia and north carolina. he is a numbers guy, evan. >> but he also, as usual, is being phony. he says it will bring down gas prices, energy prices. we are in a global market. no matter how much we drill, it is not going to have a big impact on energy prices. it would be better if energy prices went up. we need to develop...
311
311
Oct 18, 2011
10/11
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green energy is a few times more expensive than conventional energy. so i don't believe that it really competes very well in a free market. >> reporter: but president obama voiced his continuing support for green energy subsidies. >> a lot of these small start- ups, they can get angel investors, they can get several million dollars to get a company going. but it's very hard for them to then scale-up. particularly if these are new cutting-edge technologies. it's hard for them to find private investors. and part of what's happening is china and europe, other countries, are putting enormous subsidies into these companies and giving them incentives to move off shore. >> reporter: since the solyndra collapse the administration has announced several new loan guarantees, claiming green energy is a big job creator. a view shared by stanford's reicher. >> go in and retrofit somebody's home to make it more energy efficient. there's a lot of jobs there. put solar panels on the roof. there's a lot of jobs there. make the chemicals that you need ultimately to make
green energy is a few times more expensive than conventional energy. so i don't believe that it really competes very well in a free market. >> reporter: but president obama voiced his continuing support for green energy subsidies. >> a lot of these small start- ups, they can get angel investors, they can get several million dollars to get a company going. but it's very hard for them to then scale-up. particularly if these are new cutting-edge technologies. it's hard for them to find...
549
549
Jul 30, 2010
07/10
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energy or nittany lions energy won't be far behind? >> susie: that's "nightly business report" for friday, july 30. i'm susie gharib. good night everyone, and have a great weekend. you too, tom. >> tom: good night, susie. i'm tom hudson. have a good weekend everyone, we'll see you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> more information about investing is available in "nightly business report's" video "how wall street works". to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more. vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.
energy or nittany lions energy won't be far behind? >> susie: that's "nightly business report" for friday, july 30. i'm susie gharib. good night everyone, and have a great weekend. you too, tom. >> tom: good night, susie. i'm tom hudson. have a good weekend everyone, we'll see you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning...
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746
Mar 31, 2010
03/10
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what if that energy came from an energy company? everyday, chevron invests in people, in ideas-- seeking, teaching, building. fueling growth around the world to move us all ahead. this is the power of human energy. chevron. monsanto. producing more. conserving more. improving farmers' lives. that's sustainable agriculture. more at producemoreconservemore.com. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: there could be more drilling for oil along major expanses of the u.s. coastline. president obama today partially ended a moratorium that's lasted more than 20 years. "newshour" correspondent kwame holman begins our coverage. >> reporter: large offshore drilling platforms-- sometimes floating, sometimes ancho
what if that energy came from an energy company? everyday, chevron invests in people, in ideas-- seeking, teaching, building. fueling growth around the world to move us all ahead. this is the power of human energy. chevron. monsanto. producing more. conserving more. improving farmers' lives. that's sustainable agriculture. more at producemoreconservemore.com. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy...
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208
Jul 29, 2010
07/10
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constellation energy led the sector lower today, profits at its retail energy business slipped and it's slowing work toward a proposed nuclear plant, awaiting federal loan guarantees. n.r.g. energy is planning to build two reactors in texas, also hoping for federal backing. dominion power dropped 3%. earnings earlier this week were better than expected. financial stocks were the bright spot in today's trade with some specialty firms leading the charge. mutual fund company franklin resources beat its bottom line by a dime per share as it collected more money to manage. bond ratings agency moody's had a better-than-expected quarter, profits coming in five cents ahead of estimates. u.s. revenues offset a drop from overseas clients. franklin stock rallied almost 4% to a two-month high. moody's also hit a two-month high, and ameriprise led the sector with a 12% jump, thanks to stronger earnings. the world's biggest publicly traded energy company, exxon mobil, saw its fortunes rebound along with oil prices. earnings beat expectations for the first time in several quarters. refining margins he
constellation energy led the sector lower today, profits at its retail energy business slipped and it's slowing work toward a proposed nuclear plant, awaiting federal loan guarantees. n.r.g. energy is planning to build two reactors in texas, also hoping for federal backing. dominion power dropped 3%. earnings earlier this week were better than expected. financial stocks were the bright spot in today's trade with some specialty firms leading the charge. mutual fund company franklin resources...
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Aug 6, 2010
08/10
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they say it has to change for the sake of the environment and provide enough energy for homes and energy. >> nuclear is not the complete solution. but there is no solution without nuclear energy. that is why we have been focusing on green energy and nuclear power. it will help provide jobs. just 30 years ago, italy was at the forefront of nuclear energy. >> but with the sites for the new plants to be revealed, an ambitious anti-nuclear campaign is underway, greenpeace spearheading with all-day protests like this. they say that wind, sun, and wave power need more investment, and nuclear power is deemed as dangerous and unnecessary. >> we lose the opportunity to go to the future of energy. we will wait 15 years on the nuclear plants and we lose an opportunity for italy. >> as other countries are expanding their nuclear industries, italy is dismantling its old one and starting again. an opportunity to get it right in a world facing climate change and declining resources, or misguided policy that diminishes the importance of alternatives? decades from now, we will know. duncan kennedy, bbc n
they say it has to change for the sake of the environment and provide enough energy for homes and energy. >> nuclear is not the complete solution. but there is no solution without nuclear energy. that is why we have been focusing on green energy and nuclear power. it will help provide jobs. just 30 years ago, italy was at the forefront of nuclear energy. >> but with the sites for the new plants to be revealed, an ambitious anti-nuclear campaign is underway, greenpeace spearheading...
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Jan 19, 2012
01/12
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this is something nuclear energy does very well. >> nuclear energy technology was a bridge, was seen as a bridge, in order to have time and to make renewable energy more competitive. >> o'brien: but can you get to that renewable future without the bridge? >> you need a bridge. if it's not nuclear, we have another bridge, and this bridge is now coal in germany because we have already a large share of coal, increasing greenhouse gas emissions as a consequence. and now this share will even increase more and this is not really sustainable as an energy strategy, but you need a bridge and this is coal. >> o'brien: and that is really bad news for the environment. in fact, germany's hasty decision to abandon nuclear energy after fukushima has alarmed many climate scientists. one of the most respected of them all, nasa's james hansen, worries that germany, a nation that has signed the kyoto protocol vowing to limit carbon emissions, will end up exacerbating climate change. if everyone pulled the plug on nuclear power, what would be the consequences of that? >> well, then if we don't find an a
this is something nuclear energy does very well. >> nuclear energy technology was a bridge, was seen as a bridge, in order to have time and to make renewable energy more competitive. >> o'brien: but can you get to that renewable future without the bridge? >> you need a bridge. if it's not nuclear, we have another bridge, and this bridge is now coal in germany because we have already a large share of coal, increasing greenhouse gas emissions as a consequence. and now this share...
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Mar 24, 2011
03/11
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still ahead-- with energy prices going up, how would you like the power to conserve energy and save money right at your fingertips? we'll look at a project doing just that in our "planet forward" segment. >> susie: the japan earthquake and nuclear crisis is nearing the two-week mark. still, almost 250,000 people remain in temporary shelters and over 200,000 homes are without power. power shortages are also crimping manufacturing. nissan is now looking at moving some engine production to the u.s. on the tech side, many of the parts that go into apple's hottest gadgets come from japan. and while the company is famous for keeping mum on products in development and the parts that go into them, the japanese earthquake shows the risks of keeping information so closely guarded. darren gersh reports. >> reporter: apple isn't saying how much it relies on japanese suppliers in the earthquake zone to churn out ipads and iphones, and that's why technology reporter james rogers says investors are left guessing how the world's largest tech company will cope with any supply disruptions. >> and that make
still ahead-- with energy prices going up, how would you like the power to conserve energy and save money right at your fingertips? we'll look at a project doing just that in our "planet forward" segment. >> susie: the japan earthquake and nuclear crisis is nearing the two-week mark. still, almost 250,000 people remain in temporary shelters and over 200,000 homes are without power. power shortages are also crimping manufacturing. nissan is now looking at moving some engine...
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Jan 20, 2011
01/11
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saving green dollars by reducing energy consumption is appealing. but will this type of expensive retrofitting make financial sense for everyone? is it even possible? >> there are something like 4.8 million commercial buildings in the united states, and as of 2007, i think only 4,000 of them meet the energy star requirements. all buildings together-- residential and commercial-- actually produce more greenhouse gases in the u.s. than vehicles do. >> reporter: this high profile project has gotten a lot of press, and the students video drew reaction on planet forward. "green for greens sake only appeals to those who are already green," writes greg. "however, to be truly successful, you need to appeal to the masses, not just the choir." surace says the tenants are happier, vacancies are getting filled, everyone pays less for energy, and we are saving the planet. if a 1931 building can do this, so can everyone. if you have experience or advice in retrofitting and making it pay, lots of folks would like to hear more. at planetforward.org. >> susie: frank
saving green dollars by reducing energy consumption is appealing. but will this type of expensive retrofitting make financial sense for everyone? is it even possible? >> there are something like 4.8 million commercial buildings in the united states, and as of 2007, i think only 4,000 of them meet the energy star requirements. all buildings together-- residential and commercial-- actually produce more greenhouse gases in the u.s. than vehicles do. >> reporter: this high profile...
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190
Jul 4, 2010
07/10
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is that a reliable future for energy? >> well, i think natural gas is going to be the most important fuel for electricity on the margin for the next decade. but if you look past over the last five years, they have far been outweighed. i think if you look at the next decade, perhaps even longer, we're looking at natural gas between five and seven dollars, much more often than at higher levels. and at those prices, the namp gas is both the cheapest -- >> when you say that, what is the unit of measure? it's a standard of measure of gas? >> yes. >> and now it's around four dollars which is cheap. now, you are an advocate of natural power, you have the most reactors than any system in the country. what's the future of nuclear against this? invasion of gas? >> well, i think there will be very little nuclear built in the next decade. i believe southern company will go ahead with its project. partly because it has low growth and very supportive political system. i'm not sure how many others will be built. we are very unlikely to
is that a reliable future for energy? >> well, i think natural gas is going to be the most important fuel for electricity on the margin for the next decade. but if you look past over the last five years, they have far been outweighed. i think if you look at the next decade, perhaps even longer, we're looking at natural gas between five and seven dollars, much more often than at higher levels. and at those prices, the namp gas is both the cheapest -- >> when you say that, what is the...
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Mar 6, 2012
03/12
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to push this small-cap energy stock higher. shares jumped 23% as volume exploded. the company said it is in exclusive talks to possibly sell its venezuelan assets. despite rising energy prices, share of h-n-r trade at half the price they were a year ago, even with today's rally. speaking of energy, oil was not immune to today's selling pressure. u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department today cut its outlook on demand, expecting it to fall to a 15-year low this year. commodities were weak across groups. copper fell by more than 3%. gold was down 2%, settling below $1,700 an ounce. and corn dropped 1%. and that's tonight's "market focus." what consumers see as a financial challenge, some see as an opportunity. diane estabrook is in houston where she's been talking to companies hoping to cash in on the global demand for fuel. how soon could we see some of these fuels come to market? >> tom, wouldn't it be nice if we could see
to push this small-cap energy stock higher. shares jumped 23% as volume exploded. the company said it is in exclusive talks to possibly sell its venezuelan assets. despite rising energy prices, share of h-n-r trade at half the price they were a year ago, even with today's rally. speaking of energy, oil was not immune to today's selling pressure. u.s. crude fell more than $2 per barrel. some profit-taking, coupled with talk about slower global demand, weighed on crude. the energy department...
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Mar 30, 2011
03/11
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we're not lacking for energy plans. what we've been lacking is the ability to create goals that have real consensus, that have metrics so we can figure out whether we're making progress and have real accountability. it's keeping track of those plans over time that our democracy is not really well designed for. >> ifill: let's talk about that, amy rice, if the truth is that, as jason puts it, that we have had new plans under i don't know how many presidents in a row, has anything really changed? i'm sorry, i called you amy rice. you're at rice but you're amy jafe, my apology, sorry. >> yes. so i mean we see... sort of the same speech over and over and over again from whoever is president. president bush in his state of the union said we're going to reduce imports by 20% by 2017. but the reality is if americans would be realistic, we're in a much better position today to do something than we were under all the other presidencies. we've had this discovery of a new resource in the united states or an existing resource that
we're not lacking for energy plans. what we've been lacking is the ability to create goals that have real consensus, that have metrics so we can figure out whether we're making progress and have real accountability. it's keeping track of those plans over time that our democracy is not really well designed for. >> ifill: let's talk about that, amy rice, if the truth is that, as jason puts it, that we have had new plans under i don't know how many presidents in a row, has anything really...
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Nov 18, 2011
11/11
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works to inform energy and environmental policy. and robert bryce, senior fellow at the manhattan institute and author of "power hungry: the myths of 'green' energy and the real fuels of the future". claw i'll start with you. critics of what happened at solyndra-- and we heard it from republicans today-- they said this is this shows government's inability know when to invest and how to do it well in these kinds of technologies. >> i think of all of the loan guarantees given under this program-- which i should point out which-- the law supporting it was signed by a republican president, george bush, and a republican congress-- but that aside, i think it's important to note that there are two, i think, out of 38 that are in this kind of condition, one of which went bankrupt, and one of which i think is very close to it, not nearly all. so a couple mistakes, yeah. >> brown: you think there's a case to be made for this kind of investment? >> i do. i think this is not the kind of thing that venture capitalists are going to do because the
works to inform energy and environmental policy. and robert bryce, senior fellow at the manhattan institute and author of "power hungry: the myths of 'green' energy and the real fuels of the future". claw i'll start with you. critics of what happened at solyndra-- and we heard it from republicans today-- they said this is this shows government's inability know when to invest and how to do it well in these kinds of technologies. >> i think of all of the loan guarantees given...
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Apr 24, 2011
04/11
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essentially what it means is that you in fact allow clean energy to cost less and dirty energy to cost more. >> which those of us -- >> dirty energy is things lucas in your cars. i can tell you in congress we have not been able to raise the gas tax for almost 20 years, even though it was raised almost automatically before that time. because public kept demagoguing it that it's a tax, it was a user fee, it would have helped us innerve every conceivable way. when gas got real high people themselves saw how high it was, the amtrak became full of people and people were using alternative ways -- >> but i want to get to one thing which is 10-20% gap between men and women, women being more concerned about climate change, present company ex send, no offense, than men. but why is that? i don't know for sure. >> i don't know why women seem to pay more -- are more sensitive to the issue, i do think when push comes to shove where we are in this country we've looked at these issues, what i call -- you called cap and trade i called cap and tax, people looked at this said, this is going to be a job k
essentially what it means is that you in fact allow clean energy to cost less and dirty energy to cost more. >> which those of us -- >> dirty energy is things lucas in your cars. i can tell you in congress we have not been able to raise the gas tax for almost 20 years, even though it was raised almost automatically before that time. because public kept demagoguing it that it's a tax, it was a user fee, it would have helped us innerve every conceivable way. when gas got real high...
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Aug 29, 2012
08/12
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this energy policy. you would think they might be at the table. you can make an argument that we are getting worse. we continue to chip away at. we will continue to chip away at it. tavis: i hear the definition you offered. let me take my staff at defining worse. i do not expect you to say this. whatever disagreements and whatever issues we have disagreed about, we have always maintained a wonderful friendship. i think i can say that. a wonderful brotherhood. i have never heard you say stuff that i've found to be uncivil. and mean-spirited and nasty. i cannot say that about mr. west out of florida. even though there are a couple of african-american members of the house to happen to be republican. tim scott add of south carolina. -- out of south carolina. you have to and scott, alan west, on any given day, this guy just goes off the rails. is that what it takes to be a black conservative? you have to say outrageous stuff like this every other day. >> i can only speak for me and in 19 -- 2008, i had people accusing me of being a senator obama suppor
this energy policy. you would think they might be at the table. you can make an argument that we are getting worse. we continue to chip away at. we will continue to chip away at it. tavis: i hear the definition you offered. let me take my staff at defining worse. i do not expect you to say this. whatever disagreements and whatever issues we have disagreed about, we have always maintained a wonderful friendship. i think i can say that. a wonderful brotherhood. i have never heard you say stuff...
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Jun 18, 2010
06/10
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energy is about long-term thinking. and i think quite frankly that the biggest challenge we are faced with is that most of the energy policies which has been debated in the united states are very short term. but you can't solve such an issue by working from one year to another. the united states market has been the largest wind market for a number of years, as you said in the introduction, and one of our largest markets but it has been something where the investments have not taken place for one simple reason. people have not dared to commit a lot of money to a market where there was not a long-term plan in place. >> charlie: and long-term plan -- by the government? >> that's right. >> charlie: so that they could understand if they made huge capital investment they could see down the road they would get a return? is that it? >> yes. we started out in europe. we invested a lot in china. we moved many of our european suppliers with us to china because there is a long-term plan for how they want to develop the energy. it w
energy is about long-term thinking. and i think quite frankly that the biggest challenge we are faced with is that most of the energy policies which has been debated in the united states are very short term. but you can't solve such an issue by working from one year to another. the united states market has been the largest wind market for a number of years, as you said in the introduction, and one of our largest markets but it has been something where the investments have not taken place for...
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Jan 7, 2012
01/12
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. >> germany has targeted 20 percent green energy, renewable energy by 20-20, germany now exceeded that that's and going to 35 percent green electricity way ahead of the united states, piar 2 is interesting how do you collect renewable energy because it is found everywhere, the sun, the wind, the heat under the ground, garbage backed energy, ocean tides tides so pillar 2 what germany is doing is converting every single building in germany to your own green power plant so you can collect sun on the roof, wind all the walls, geothermal heat under the ground and t new buildings they are putting up a actually positive power this jump starts construction, this gets thousands of smes moving, small to medium side size businesses and millions of labor hours think of think way, 1970, centralized mainframe computers, controlled by a few companies, they shared the information. steve jobs comes along, creates a desktop computer, now the internet, and now 2 billion people create their own information and share it, so in germany the same idea, pillar 2 you are going do have your own power plant and n
. >> germany has targeted 20 percent green energy, renewable energy by 20-20, germany now exceeded that that's and going to 35 percent green electricity way ahead of the united states, piar 2 is interesting how do you collect renewable energy because it is found everywhere, the sun, the wind, the heat under the ground, garbage backed energy, ocean tides tides so pillar 2 what germany is doing is converting every single building in germany to your own green power plant so you can collect...
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Aug 29, 2011
08/11
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we need cheap energy. this project will provide abundant and reliable energy. the oil sands in canada have over 100 billion barrels of oil in them. we need it now given particularly because we want north american energy production. better off if it's domestic. we've been relying on mexico and canada for many years. over the last decade mexico's oil production has fallen by 600,000 barrels and canada's has risen by more than 600,000. we need the reliable energy production as close to home as we can. if we can buy it from friends and allies that's even better. >> brown: that's the argument. we need the oil. why not get it from a friend rather than be more dependent elsewhere and especially if it provides u.s. jobs. that's the argument. >> you know, there's got to be a better way to deal with our food stamp problem especially when, as we're now beginning to see after a year of the most violent and extreme weather we've ever recorded from the planet, after the price of food has gone up around the world 80% because we're missing harvest after harvest with drought an
we need cheap energy. this project will provide abundant and reliable energy. the oil sands in canada have over 100 billion barrels of oil in them. we need it now given particularly because we want north american energy production. better off if it's domestic. we've been relying on mexico and canada for many years. over the last decade mexico's oil production has fallen by 600,000 barrels and canada's has risen by more than 600,000. we need the reliable energy production as close to home as we...
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Jun 19, 2012
06/12
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>> let's broaden the world's energy mix. let's go. >> and now bbc world news. >> this is bbc world news america reporting from washington. i'm jeanne o'brien. thousands of egyptians swear again to protest a sweeping new powers by the military council. the g-20 meeting is dominated by greece as world leaders put on the pressure for the eurozone to fix its financial mess. and to digging deep for oil as world leaders try to balance the industry and environment. we travel to the amazon rain forest to see the impact. >> this could make a couple of hundred cars. demand is skyrocketing, especially in china. the bigger this mine gets, the greater the impact on the natural world. >> welcome to our viewers on pbs in america and around the globe. in tokyo square tonight, -- in tahrir square tonight, tens of thousands of egyptians are protesting against the sweeping new powers the military council has given itself, and its order to dissolve parliament. the continued unrest comes as the country awaits the obama results of the presidentia
>> let's broaden the world's energy mix. let's go. >> and now bbc world news. >> this is bbc world news america reporting from washington. i'm jeanne o'brien. thousands of egyptians swear again to protest a sweeping new powers by the military council. the g-20 meeting is dominated by greece as world leaders put on the pressure for the eurozone to fix its financial mess. and to digging deep for oil as world leaders try to balance the industry and environment. we travel to the...
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Feb 17, 2010
02/10
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captioning sponsored by wpbt >> to meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supply of nuclear power. it's that simple. >> susie: and with that, president obama kick-starts the first new american nuclear power plant project in decades. >> tom: he says the $8 billion in loan guarantees launched today will help build new plants in georgia and keep our air cleaner. you're watching "nightly business report" for tuesday, february 16. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. president obama put money today behind two of his big priorities: clean energy and jobs. >> tom: susie, the president announced more than $8 billion in loan guarantees to build two nuclear reactors. the project is expected to create 4,000 jobs. >> susie: tom, it's a big deal: the u.s. hasn't built any nuclear power plants since the 1970s. the mone
captioning sponsored by wpbt >> to meet our growing energy needs and prevent the worst consequences of climate change, we'll need to increase our supply of nuclear power. it's that simple. >> susie: and with that, president obama kick-starts the first new american nuclear power plant project in decades. >> tom: he says the $8 billion in loan guarantees launched today will help build new plants in georgia and keep our air cleaner. you're watching "nightly business...
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Feb 18, 2010
02/10
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what if that energy came from an energy company? everyday, chevron invests $62 million in people, in ideas-- seeking, teaching, building. fueling growth around the world to move us all ahead. this is the power of human energy. chevron. this is the engine that connects zero emission technologies to breathing a little easier, while taking 4.6 million truckloads off the road every year. bnsf, the engine that connects us. bank of america-- committed to helping the nation's economic recovery. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: president obama talked up his year-old economic stimulus program today and made a fresh appeal to skeptics. at the same time, he conceded many americans don't see the benefits yet. >> one year later, it is largely thanks to the recovery act that a second depression is no longer a possibility. >> brown: president obama
what if that energy came from an energy company? everyday, chevron invests $62 million in people, in ideas-- seeking, teaching, building. fueling growth around the world to move us all ahead. this is the power of human energy. chevron. this is the engine that connects zero emission technologies to breathing a little easier, while taking 4.6 million truckloads off the road every year. bnsf, the engine that connects us. bank of america-- committed to helping the nation's economic recovery. and...
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Mar 25, 2011
03/11
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the leading sector this week and today was energy. the energy select e.t.f. added almost 1% today. oil prices remain over $105 per barrel and natural gas rallied. nat gas hit a six-week high. as prices have heated up, energy stocks have too with this e.t.f. just below its 52-week high. leading the sector was a lesser known independent energy explorer, newfield. shares jumped 4% up to the top of its recent range in the mid- 70s. two analysts upgraded their view of the stock. newfield recently announced plans to buy oil and gas fields in utah. it was a choppy week for telecom stocks with the news of a.t&t.'s buyout plans of t-mobile. competitor sprint had been seen as a loser. share tumbled over 7% this week. while shares rallied more than while we're talking about telecom, after the close tonight, the international trade commission said it will review a patent case involving eastman kodak, fighting apple's iphone and research in motion's blackberry. kodak claims the iphone and the blackberry infringe on one of its digital imaging patents. apple and rim won an earlier ruling but toni
the leading sector this week and today was energy. the energy select e.t.f. added almost 1% today. oil prices remain over $105 per barrel and natural gas rallied. nat gas hit a six-week high. as prices have heated up, energy stocks have too with this e.t.f. just below its 52-week high. leading the sector was a lesser known independent energy explorer, newfield. shares jumped 4% up to the top of its recent range in the mid- 70s. two analysts upgraded their view of the stock. newfield recently...
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Apr 26, 2011
04/11
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what about higher energy costs for the user? does it help or hurt the sales? >> as far as the end markets of the equipment? >> tom: in terms of the construction companies buying them or the farmers buy them? >> energy costs do hurt farmers, but their crop prices are so high, most in the industry think it will more than make up for the demand for equipment. >> tom: do you own catepillar or deere? >> nope. we're not allowed to take positions in the stocks we cover. >> tom: you can read all of the onr: on thestreet.com. scott eden with thestreet.com. >> susie: here's what we're watching for tomorrow: as we mentioned earlier, fed chairman ben bernanke holds his first news conference. we'll also see quarterly results from boeing, b.p., conoco phillips, ebay, hess and starbucks. and hilary kramer is our "street critique" guest. email your questions to streetcritique@nbr.com. when it comes to smart, educated americans, apparently women rule. new census numbers show more women than men are now finishing college, and more women than men hold advanced degrees. the gains
what about higher energy costs for the user? does it help or hurt the sales? >> as far as the end markets of the equipment? >> tom: in terms of the construction companies buying them or the farmers buy them? >> energy costs do hurt farmers, but their crop prices are so high, most in the industry think it will more than make up for the demand for equipment. >> tom: do you own catepillar or deere? >> nope. we're not allowed to take positions in the stocks we cover....
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Jun 19, 2011
06/11
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energy association we're for all energy resources. we think you need to develop every type of energy resource both domestically and internationally, that you possibly can. but the reality is, every knew increment of technology in the power sector today is more expensive than the old technology so if we build a new nuclear plant, the electricity from that plant will be more expensive than the electricity from the existing nuclear plant. >> isn't this going to be offset by all of that cheap natural gas? >> to some degree. at least in the next few years almost all the power generations that will be deployed is going to be natural gas and probably some wind. we're not going to be putting in large pole plants online over the next couple of years. a decade from now hopefully we will. >> finally, china. the big enk lad i can't now adays -- enchilada now adays. we feel it's sucking up a lot of the world's oil that used to be available to hedge against high pricing. it's building a lot of nuclear power plants. >> it is. >> but it's going to be
energy association we're for all energy resources. we think you need to develop every type of energy resource both domestically and internationally, that you possibly can. but the reality is, every knew increment of technology in the power sector today is more expensive than the old technology so if we build a new nuclear plant, the electricity from that plant will be more expensive than the electricity from the existing nuclear plant. >> isn't this going to be offset by all of that cheap...
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Jul 28, 2010
07/10
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energy stocks couldn't find much energy ahead of coconoco-phillips. gasoline refiner valer or off 1%, and it turned around a year's worth of losses to become profitable. and a new 52-week low after disappointing results. after the close this evening, railroad northern southern was able to increase its dividend and stock market buyback plan. with the street.com, ranging from mutual funds and e.t.f.s. we call it "word on the street," and tonight's word is apple. it's the hottest tech company there is, but you may not have to buy apple to take a bite of its success. joining us now from the nasdaq, james rogers. he's a reporter at thestreet.com. >> thank you for having me. >> tom: how profitable is it for these companies to provide parts or services for apple's iphone or ipad? >> i think it is an absolutely huge deal for these companies. apple is something of a modern phenomenon, with regard to consumer technology. but of the problem in working out who is working with apple, apple seems to have its suppliers locked into this almost murderous code of silen
energy stocks couldn't find much energy ahead of coconoco-phillips. gasoline refiner valer or off 1%, and it turned around a year's worth of losses to become profitable. and a new 52-week low after disappointing results. after the close this evening, railroad northern southern was able to increase its dividend and stock market buyback plan. with the street.com, ranging from mutual funds and e.t.f.s. we call it "word on the street," and tonight's word is apple. it's the hottest tech...
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May 13, 2012
05/12
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let's even embrace nuclear energy as part of a mixture of energy for the future, a way to ensure energy to many countries around the world in need of supporting economic development. for stability, a way of reducing greenhouse gas emissions. all of those things. but we have to be sure that, as that nuclear expansion takes place, we are, to the extent possible, putting as much of the genie back in the bottle as we can. as well as making the environment as safe as possible and as secure as possible as we expand. >> in seoul, how many countries participated? >> in seoul, we had about 50 world leaders, but that included some international organizations like the international atomic energy agency, which is an essential player with the expansion of nuclear material. >> so at the summit, was both nuclear energy and nuclear weaponry both taken a look at? what comes to my mind is fukushima, and what a horror that turned out to be, and safety, producing electricity, and also the nuclear weapons, which i would think that north korea and iran would have been at the top of the list. were both of tho
let's even embrace nuclear energy as part of a mixture of energy for the future, a way to ensure energy to many countries around the world in need of supporting economic development. for stability, a way of reducing greenhouse gas emissions. all of those things. but we have to be sure that, as that nuclear expansion takes place, we are, to the extent possible, putting as much of the genie back in the bottle as we can. as well as making the environment as safe as possible and as secure as...
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May 29, 2010
05/10
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energy say sector you like. how do you approach the energy space, even with all the activity still happening in the gulf? >> well, in the energy space, what we've seen is a sharp decline in the-- in that particular sector of the equity market. it is a cyclically expose sector, and we do like a mix of cyclical and defensive sectors and one we're focusing on right now is energy because we have to admit valuations have improved. some of the regulatory results that are going to happen as a result of the spill in the gulf, we think have been mostly priced in, and we're also looking for higher oil prices throughout the course of 2010, which should also support the energy sector. >> tom: how high, by the way, what kind of price? >> we're looking for about $85 on average for the year on balance. >> tom: any disclosures with the e.t.f.s? >> no, no disclosures for me, neither myself nor my immediate family owns any of these e.t.f.s. >> kurt reiman joined us. >> susie: and finally tonight, june is traditionally wedding sea
energy say sector you like. how do you approach the energy space, even with all the activity still happening in the gulf? >> well, in the energy space, what we've seen is a sharp decline in the-- in that particular sector of the equity market. it is a cyclically expose sector, and we do like a mix of cyclical and defensive sectors and one we're focusing on right now is energy because we have to admit valuations have improved. some of the regulatory results that are going to happen as a...
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Nov 13, 2011
11/11
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energy industry. and i never, ever would have expected to see companies like chevron, for example, talking -- yes, about their natural gas projects off the coast of western australia and about their acquisition for shell gas production, but also talking about their wind site farm in castro, wyoming. >> what about the small companies? you are rise to the top of a small company a lot more easily than a vast oil company with its many layers with bureaucracy and ambition people ahead of you in the pipeline. >> absolutely. >> is there room for great innovation the way we think of silicon valley as being innovative in computer sciences? >> absolutely. there are two companies that come to mind in the washington, d.c. area. a company called o power. and another company called grid point, that are working with software technology to help consumers to monitor how much power they're using. particular in the energy efficiency and conservations here, there are a number of incredibly innovative companies that are u
energy industry. and i never, ever would have expected to see companies like chevron, for example, talking -- yes, about their natural gas projects off the coast of western australia and about their acquisition for shell gas production, but also talking about their wind site farm in castro, wyoming. >> what about the small companies? you are rise to the top of a small company a lot more easily than a vast oil company with its many layers with bureaucracy and ambition people ahead of you...
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Sep 29, 2013
09/13
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needs to clean energy means. and i think i've seen positive return. i'm respectful, by the way. i'm respectful of the criticisms. i'm totally respectful because -- and i know where it's coming from. these are people who say, these are the people who caused the problem in the first place. they're the ones that are perpetuating the problems, and by you going there, you are legitimizing the world economic forum by just being there. so that's a fair argument -- >> and capitalism. you're legitimating capitalism, which some of your colleagues say is incompatible with sustainability. >> yeah. the current nature of capitalism, you know, is completely incompatible. and, by the way, you know, the banking crisis here in this country is a very good example of political will, right? >> political -- >> will, right? if the leaders of our country, the united states and other countries were able to mobilize not millions, not billions, but trillions of dollars overnight to bail out the banks, the bankers and the bonuses, surely th
needs to clean energy means. and i think i've seen positive return. i'm respectful, by the way. i'm respectful of the criticisms. i'm totally respectful because -- and i know where it's coming from. these are people who say, these are the people who caused the problem in the first place. they're the ones that are perpetuating the problems, and by you going there, you are legitimizing the world economic forum by just being there. so that's a fair argument -- >> and capitalism. you're...
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Oct 5, 2011
10/11
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in energy, refiner tesoro jumped almost 14%. coal producer alpha natural resources gained 13% after closing at a new low last night. leading the dow was disney. the stock jumped 5.5%. volume was heavy after sitting at a 52-week low last night. tonight, over $31. citigroup upgraded disney to a buy. among the tech leaders? cisco systems, up almost 4% on very heavy volume. cisco shares have been struggling this year, admitting in april it has disappointed its investors. yahoo continued its rally, up another 10%. look at the move. volume tripled. investment bankers are preparing to shop around parts of the company-- or the entire thing-- as yahoo looks at strategic options. today's rumor was that microsoft was interested in the company again. 3.5 years ago, yahoo rejected microsoft's buyout efforts. but after the close, the "wall street journal" reported microsoft is not interested in yahoo these days. buyout rumors also were swirling around research in motion. shares popped 12% today on heavy volume and are up more than 20% from it
in energy, refiner tesoro jumped almost 14%. coal producer alpha natural resources gained 13% after closing at a new low last night. leading the dow was disney. the stock jumped 5.5%. volume was heavy after sitting at a 52-week low last night. tonight, over $31. citigroup upgraded disney to a buy. among the tech leaders? cisco systems, up almost 4% on very heavy volume. cisco shares have been struggling this year, admitting in april it has disappointed its investors. yahoo continued its rally,...
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May 28, 2010
05/10
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energy stocks were moving. the energy select e.t.f. saw heavier than usual volume. exxon mobil up more than 3.5%. the best gainer in the sector was driller helmerich and payne. it's ticker is h.p. the stock did twice its normal volume on the 8% move. the stocks of companies involved in the gulf oil disaster may have gotten some help from early positive results from b.p.'s latest effort to stop the flow. late today, b.p. said the effort has not capped the oil. b.p. stock was up 7%. shares have turned higher in recent days, but the stock has lost a quarter of its value since the deepwater horizon explosion. oppenheimer calls it a buying opportunity and upgraded it. other spill stocks saw more muted gains, especially after president obama put a temporary stop on new deepwater drilling for six months. rig owner transocean was up less than 2%. halliburton, the firm that cemented the blown-out well was up 4.7%. and blow out preventer maker cameron gained 5.5%. other offshore exploration firms reacted to the president's action. hornbeck focuses on servicing deepwater drill
energy stocks were moving. the energy select e.t.f. saw heavier than usual volume. exxon mobil up more than 3.5%. the best gainer in the sector was driller helmerich and payne. it's ticker is h.p. the stock did twice its normal volume on the 8% move. the stocks of companies involved in the gulf oil disaster may have gotten some help from early positive results from b.p.'s latest effort to stop the flow. late today, b.p. said the effort has not capped the oil. b.p. stock was up 7%. shares have...
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Jan 30, 2011
01/11
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we're going to look at the future of energy. especially, but not limited to, the future of electricity. the government's role in putting money into a thing called the smart bread, how that's going, what it is. and just at the wonder of electricity in our society that we depend on so much. it is a subject of great interest to politicians, and of course to us. without it, i need not tell you, you wouldn't be watching this program. we will be right back. >> "white house chronicles" is produced in collaboration with whut, howard university television. and now, your program host, nationally syndicated columnist llewellyn king, and co-host linda gasparello. >> hello again and thanks so much for coming along. i promised you some great people who know a great deal about energy and here they are. the editor of the "energy daily" and in the interest of true confession i founded that paper many years ago but no longer am affiliated with it. and who used to be assistant deputy secretary in the reagan administration i believe. >> deputy assi
we're going to look at the future of energy. especially, but not limited to, the future of electricity. the government's role in putting money into a thing called the smart bread, how that's going, what it is. and just at the wonder of electricity in our society that we depend on so much. it is a subject of great interest to politicians, and of course to us. without it, i need not tell you, you wouldn't be watching this program. we will be right back. >> "white house chronicles"...
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Aug 28, 2011
08/11
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marvin fertel, president of the nuclear energy institute. why is new clear languishing after 40 years -- nuclear languishing after 40 years? it looks like a promising in denver, but it is speeding ahead like the trains -- endeavor, but it is speeding ahead like the trains in japan. where did we go so wrong? >> i think, actually, llewellyn king, we are doing better than proceed. we are building four units and our country. they are moving ahead very well. 3000 employees are working at those two sites. >> how long will 3000 employees be building those? >> they will get more than 3000 soon. the first site will be operational in the 2015 timeframe. we will see two new units come on board, and to the will follow them at those sites. if you look of the countries that are building like china and india, they are just beginning to develop major electricity supplies. for us, we have 104 plants that are operating. they are looking to restart another one. we would like to see more go faster, but with the recession our country faces, with natural gas pric
marvin fertel, president of the nuclear energy institute. why is new clear languishing after 40 years -- nuclear languishing after 40 years? it looks like a promising in denver, but it is speeding ahead like the trains -- endeavor, but it is speeding ahead like the trains in japan. where did we go so wrong? >> i think, actually, llewellyn king, we are doing better than proceed. we are building four units and our country. they are moving ahead very well. 3000 employees are working at those...
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with that energy. and higher energy is shorter wavelength. so basically to be able to probe short distances you need something that has structure on that scale. so you need high energy so you need this high energy wave and that lets us go the short distance. and that's why we go to these high energy because it ra laws to us look at the short distance structure that doesn't mean that nothing can exist beyond them. there is a difference between what we request think about, what theories tell us or what theories suggest or might be possible and what we can actually observe. >> what does all that you know and all that you have learned tell me, how does in inform your instinct as to what is out there that might blow our mind? >> i'm going to take the-- the fifth on this one. >> rose: why are you taking the fifth. >> i don't know the awer but actually the most interesting things often were the things none of us thought about in advance. i think quantum mechanics is mind blowing toveryone at some level. the i
with that energy. and higher energy is shorter wavelength. so basically to be able to probe short distances you need something that has structure on that scale. so you need high energy so you need this high energy wave and that lets us go the short distance. and that's why we go to these high energy because it ra laws to us look at the short distance structure that doesn't mean that nothing can exist beyond them. there is a difference between what we request think about, what theories tell us...